Is Argentina On The Brink Of a Tax Revolt?

Swordsmyth

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“We can’t take it anymore,” proclaims the economist and media sensation Javier Milei from his Twitter account.
He is not alone. It all started a few weeks ago with a “ Twittazo ” inviting people to protest against the high taxes and the huge public spending. The hashtag #BajenLosImpuestos (lower taxes) quickly became a trending topic. On March 21 what began as a virtual protest is moving to the real world.
Organized by prestigious economists, foundations and think tanks, members of the press, student organizations, and taxpayers groups, the first Argentine anti-tax protest will have its epicenter in Buenos Aires at the gates of the Parliament. However, there are groups all across the country working to organize similar events in cities like Rosario, Córdoba, Corrientes, and many others.

When he campaigned for office in 2015, President Mauricio Macri seemed aware of the heavy tax burden of the country. However, most of his promises about reducing taxes have never come true. The only concrete step taken by his administration – the progressive elimination of the export taxes on agricultural products – was “put on hold” due to budgetary constraints. Moreover, Mr. Macri has not only failed to reduce public spending but he has also created some taxes of his own. The most pathetic example is a tax on financial investments in late 2017, which many signal as one of the major reasons for the financial crisis of 2018, which hit Macri’s administration to the point of having to negotiate a rescue package with the International Monetary Fund (IMF) to avoid a default of Argentina’s sovereign debt.

More at: https://www.infowars.com/is-argentina-on-the-brink-of-a-tax-revolt/
 
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